India, April 17 -- (Adds Outlook, stock movement)
On its outlook, Forestar Group Inc. (FOR) commented, "Affordability constraints and declining consumer confidence continue to impact the pace of new home sales, resulting in a slower than expected start to the spring selling season."
Subsequently, it trimmed 2025 revenue guidance to $1.5 billion-$1.55 billion from $1.6 billion-$1.65 billion expected earlier.
In the pre-market trade on Thursday, the stock was trading down 3.10 percent or 59 cents at $18.45
Q2 Results:
Forestar released a profit for second quarter that decreased from the same period last year and missed the Street estimates.
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The company...